A chart from The Economic Policy Institute shows how the actual minimum wage has fallen far behind the growth of the economy compared to 50 years ago, when they were practically equal.

The red line shows the actual minimum wage adjusted to 2017 dollars.

The light blue line starts with 1968 - the year the current value of the federal minimum wage peaked at $9.90, adjusted to 2017 dollars - and shows what minimum wage would be had it kept up with the average wage growth. Had the minimum been adjusted for average growth, today's minimum wage would be $11.62.

And the dark blue line shows the federal minimum wage had it grown at the same rate as American productivity, reaching $19.33 this year, more than double what it actually is.